Re:Lumosity fined $2M for deceptive ads of “Brain Training” app
by nkrisc on Tuesday January 05, 2016 @04:16PM
(#10846119)
That is also a good point, though I don't see how the comparison to what banks were fined is relevant or enlightening.
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Re:Lumosity fined $2M for deceptive ads of “Brain Training” app
by kolbe on Tuesday January 05, 2016 @04:38PM
(#10846251)
I like to contextualize the real magnitude of 'illions. There are many people who hear "$2M" and think it's a large fine. It's actually relatively modest, and I wanted to provide a point of reference for people to know how modest.
Re:Lumosity fined $2M for deceptive ads of “Brain Training” app
by thaumasiotes on Tuesday January 05, 2016 @07:25PM
(#10847316)
> The order also imposes a $50 million judgment against Lumos Labs, which will be suspended due to its financial condition after the company pays $2 million to the Commission.
The whole piece is pretty unclear about whether they're shutting down Lumosity, or shutting down Lumos Labs while somehow not shutting down Lumosity.
Re:Lumosity fined $2M for deceptive ads of “Brain Training” app
by thaumasiotes on Wednesday January 06, 2016 @12:19AM
(#10848773)
Oh, I guess I misparsed this originally. I understood it as "The order imposes a $50 million judgment against Lumos Labs, and Lumos Labs will be suspended due to its financial condition after paying $2 million".
But, the article as a whole is more intelligible with the meaning "The order imposes a $50 million judgment against Lumos Labs, and the judgment will be suspended due to Lumos Labs' financial condition after it pays $2 million".